Mtechtips MCX-SX EURINR INTRADAY trading analysis 24-09-2015

Mtechtips Euro dipped towards two-week low on Wednesday as investors’ risk appetite decreased on concerns over global economic slowdown amid dismal euro-zone economic data.After hitting a low 73.31 EURINR witnessed a recovery rally and tested 73.85 before closing at 73.6875 levels. The two high wave candle stick with almost same support is indicating for trend reversal may take place in EURINR. Near term resistance is 74.20 a break above only could confirm bullish move towards 74.50-74.80 again else risky traders may go short with strict stop loss above 74.20. Target 73.80-73.50.